Companies
Harlequin adviser banned and fined $60,000
The chief executive of a UK advice firm that distributed high-risk Harlequin products has been banned from holding any significant positions of influence or senior management.
Blackrock beats Vanguard in passive ratings
Blackrock’s iShares has fended off Vanguard to retain the top spot in FE’s latest Passive Crown ratings list.
Axa Life Europe sold in €1.2bn deal
French insurance giant Axa is to sell its Dublin-based closed book life business to private equity firm Cinven in a deal worth €1.17bn (£1.1bn, $1.4bn).
Asia fund flows boost SJP results
St James’s Place Asia boosted gross new funds by 51% in the first six months of 2018, helping to push group gross inflows to £7.9bn ($10.4bn, €8.9bn), an increase of 15% compared with the first half of 2017.
SJP drops Aberdeen Standard as ethical manager
A sustained period of underperformance has prompted St James’s Place (SJP) to drop Aberdeen Standard Investments (ASI) and appoint Impax Asset Management to run its £286m (€320m, $375m) ethical fund.